Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to left, motto PL-VSV-L, legend HISPA / NIARVM. S-L1; KM-8; CT-481. 6.27 grams. Good full shield and pillars-and-waves, much bold legend, attractively toned VF with very light surface oxidation.

Estimate: $400-600